CALIAN TECHNOLOGIES $18.79 - Toronto symbol CTY

CALIAN TECHNOLOGIES $18.79 (Toronto symbol CTY; TSINetwork Rating: Speculative) (613-599-8600; www.calian.com; Shares outstanding: 7.4 million; Market cap: $137.1 million; Dividend yield: 6.0%) has won a $10- million contract with the City of Toronto to provide a software system for managing city employees’ hours. Calian will deliver this project over an 18-month period.

To put the deal in context, the company reported revenue of $61.0 million in the three months ended March 31, 2015, up 19.3% from $51.2 million a year earlier. Earnings fell 6.6%, to $2.21 million, or $0.30 a share, from $2.36 million, or $0.32. That was mostly because Calian added workers to fulfill new contracts.

This latest deal will add to the company’s revenue and demonstrates its ongoing ability to win recurring orders from all levels of government.

Calian Technologies is still a buy.

A professional investment analyst for more than 30 years, Pat has developed a stock-selection technique that has proven reliable in both bull and bear markets. His proprietary ValuVesting System™ focuses on stocks that provide exceptional quality at relatively low prices. Many savvy investors and industry leaders consider it the most powerful stock-picking method ever created.